- Aster’s price rose to $0.74 amid a 300% increase in 24-hour trading.
- The rally coincides with a large capital shift in altcoins led by Hyperliquid.
- ASTER bulls need to close above $0.75 to continue; a close below $0.65 would trigger a new sell-off.
Aster (ASTER) made modest gains, rising to around $0.74 as traders piled into a number of altcoins that appear to be offering big gains amid Bitcoin’s recent struggle.
Although ASTER later went out of business, the move also highlighted the speculative investments flowing into products from niche and non-permanent markets.
The ASTER price jumps between 24-hour highs
A regular token of the DEX protocol can be beneficial due to the high volatility of altcoins and increased interest in the regular index, which contributes to the increase of three-quarters in daily trading.
Market data shows the ASTER indicator tested for an intraday rise near $0.74 before pulling back a bit amid profit-taking.
Before dropping to around $0.70, ASTER rose to levels seen a week ago.
Bullish sentiment pushed 24-hour trading to nearly $256 million, up 300% from the previous day.
This increase helped the bulls to raise the mark before the profit was reduced. At the time of writing, ASTER was still at about 5% for the day.
Could ASTER be a competitor to Hyperliquid?
The strength of the top altcoins can partly explain Aster’s return, with the shift of capital to altcoins mostly seen in established projects.
The representative has been Hyperliquid, whose HYPE indicator has risen more than 19% in the last 24 hours and 46% in the last week.
HYPE reached an all-time high above $62 on Thursday amid institutional demand.
Asset manager Grayscale Investments was among the notable buyers, reportedly buying more than 115,700 HYPE shares during the period.
NOW: $HYPE NEW ATH RAISES AT $62, MARKET CAPACITY REACHES $15B
– The Wolf Of All Streets (@scottmelker) May 21, 2026
Liquidity and trading interest are also seen moving in Aster and related indicators.
The combination of SpaceX’s regular pre-IPO deal with 5x access to the Aster platform could fuel speculation, as investors look for opportunities to acquire a title.
Aster tree
The long-term visibility of ASTER depends on whether the current volume-driven assembly can continue or fade in the short term.
The bulls need to continue the buying pressure and push the price above the $0.75 resistance level.
A strong, stable close above that level would create opportunities for further gains as bullish traders and traders continue to chase.
On the other hand, a decline in consumer confidence could open the door to further depression.
A close below $0.65 could lead to further selling if traders who entered the spike start to fluctuate, while long-term traders reverse.
The main support levels to watch remain in the $0.65-$0.60 range, where previous buyers have established positions.
